India: Total Demat Accounts were 2.54 Crore Only..!

.The Securities and Exchange Board of India (SEBI) has called for a
meeting to discuss the strategies for increasing the participation of
individuals in the equity and commodity markets.

The number of Demat
accounts were as low as 2.54 crore as on March 31, 2016. Involvement in
mutual funds is also minuscule. The regulator SEBI will discuss with various
stakeholders the issues such as revisiting the distribution strategies
and facilitating the ease of operations. There is ongoing consideration
to replace the Rajiv Gandhi Equity Savings Scheme (RGESS)
with a suitable & more tax efficient alternative. The RGESS was aimed
to increase the retail response to equity markets through direct route
and through mutual funds.

India: Total Demat Accounts were 2.54 Crore Only..!
Reviewed by S. Chitra
on
April 17, 2016
Rating: 5 . The Securities and Exchange Board of India (SEBI) has called for a meeting to discuss the strategies for increasing the participation o...